23 Apr 2026
European gas markets at a critical juncture | The Marex Market Pulse podcast
European gas markets have returned to the spotlight as geopolitical developments, infrastructure risk and shifting LNG flows reshape the global energy landscape. With the story moving quickly, we brought forward the latest episode of Market Pulse to focus on what matters most for market participants.
In this episode, we’re joined by Ben Samuel, Editor of Energy Markets, for a market‑focused discussion on European gas, examining recent disruptions, global LNG dynamics and how supply risks are being priced across regions.
This session was recorded on 17 April.
European gas: key market themes
- Gas markets continue to react sharply to uncertainty around infrastructure and transport, with even partial disruption capable of reintroducing volatility as participants reassess exposure, liquidity and security of supply
- LNG plays a central role in balancing European gas markets, with the episode highlighting the importance of major exporters such as Qatar, alongside the response of key consuming countries, including China, and how global competition for LNG shapes pricing and trade flows.
- Comparisons are drawn with the Russia-Ukraine conflict, where the scale and immediacy of disruption had a more severe impact on Europe’s energy system. While resilience has improved through diversification and higher storage levels, sensitivity to global shocks remains
- Closer to home, the North Sea is back in focus, particularly in the UK, with discussion around how feasible it may be to increase domestic gas production in the current environment
Marex Energy: supporting clients across global gas and LNG markets
Separately from the podcast discussion, Marex Energy supports clients across the full spectrum of global energy markets through a comprehensive agency, execution and market access offering.
With over 200 energy professionals globally, Marex is one of the world’s largest liquidity hubs for natural gas, LNG, power and environmental markets, providing high‑touch, hybrid and electronic execution across both OTC and listed products.
Clients benefit from:
- Agency and execution services across major energy contracts
- Access to leading global exchanges, including ICE, CME, EEX, Nodal and SGX
- Pricing and execution on and off‑exchange, alongside physical commodity transactions
- Market data, analytics and commentary to support informed decision‑making
Marex also delivers digital market access through its Neon Energy platform, combining execution, data and insights in a single ecosystem designed to reflect how energy market participants operate today, with a strong focus on European energy markets.
Explore Neon Energy – European Energy Insights
